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please join the conversation. worldwide@cnbc.com, at@cnbcwex. it was my first day on a new job in the city. and not a lot happened i can tell you apart from people just looked at each other in amazement. they didn't answer the phones either. yeah, an interesting day all around. and what a great buying opportunity. we learned it was probably the buying opportunity of the century. >> ross, that's for sure. stick around, because still to come on the show, as eu banking policy inches closer to getting the green light, we'll hear from the finland bank governor. >>> google continues to move lower in european trade after losing $22 billion in market cap on wall street. >> and microsoft's profits drop falling short of forecasts as the company gets set to launch its new windows 8 software. >> europe's troubled banks could receive funds as soon as the beginning of next year. germany still appears to be eyeing a longer time frame, however. eu leaders have been hammering out the details of a banking union at a summit in brussels. and speaking this morning, ecb policy maker know vat any say
a boost from the storm? first, let's take a look back at the super storm that hit over the last 48 hours. >> new york city is under water. >> don't mess with mother nature. >> i want you to cut through the red tape. i want you to cut through bureaucracy. there's no excuse for inaction at this point. >> i've never seen anything like this in my life. >> describe it as looking like the pictures we've seen at the end of world war ii. it is not overstating it. >>> retailers are looking at the impacts the storm will have on their business, especially as they gear up for the lucrative holiday season. for more, we're joined by the executive vice president of the retail council of new york state. ted, thanks very much for calling in. can you give us a sense of what kind of damage retailers in your area are seeing? >> well, you know, the way that everything is in manhattan right now, it's pretty much shut down, and without power, without electricity, without the subways, without the bridges, it's very difficult for people to get around and to get to the stores. and you've got such a heavy tourism
to close tomorrow, it would be the first two day closure since 1888. they did not like to close these markets for any great length of time. that's a two day wealther relatd closure. bank branchs are closing in manhattan. the city has essentially ground to a halt because they're concerned now about high winds that will start really picking up as the storm gets closer and closer to the new york city area. as you said, the transit system has been shut down. they're trying to tell people to stay home to the extent that they can. and indeed manhattan, although it's very early in the morning here, is quiet and expected to stay that way. the question now is you power outages that are likely to take place and how long it will take for this area to get back to business. but right now, again, equity trading in the u.s. is closed. equity futures also willic trad. and energy trading as well. energy trading will trade electronically, the nymex with the floor will close. so we're seeing even before the storm hits a significant financial impact here. >> that's for sure. scott cohn, stay safe a
to find out what one analyst says about the potential election impact on the health care sector. but first goldman and morgan head to head again. the question is given goldman's better share performance, will that differential continue. >> citigroup got a good reception. >> u.s. banks in general, it's been jpmorgan, city. even wells fargo a little more mixed on the headline. what will be tricky with morgan stanley is their headline figures won't necessarily reflect what's going on in the business because there's this of the credit spreads have narrowed and what not. >> so you reckon goldman will beat morgan? >> it end its to pay off to bet on goldman. >> we also have seen estimates rise for goldman relative to morgan in the last just several trading days worth. so bottom line, expectations, the whisper number, is probably a little bit higher for goldman than morgan. >>> protesters have taken to the streets in portugal. more coming up. >>> european stocks advancers outpacing decliners by a little bit more than 7:3. how is that leading to futures? >> u.s. futures giving up some of the earlie
Search Results 0 to 3 of about 4